Lean Kanban NA - Beyond Budgeting

Becoming a lean enterprise requires the entire management system to be aligned with lean principles. Lean requires alignment with customers and takes direction from the customer pull concept. Yet many organizations continue old practices such as financial budgeting which are based on financial “push” concepts. Simply stated, these old management practices defeat the ability to become truly lean.

A discussion of the problems with traditional management, including budgeting. Case study of Statoil's decision to redefine performance with dynamic and relative targets, holistic performance evaluation, dynamic forecasting, and no traditional budgets.